The 1933 Saint-Gaudens Double Eagle holds a legendary status in the world of numismatics. Its story is shrouded in historical intrigue, legal battles, and unparalleled rarity.
This coin, originally intended as a $20 gold piece, became a symbol of a changing America during the Great Depression, making it one of the most sought-after coins in history.
1933 Saint-Gaudens Double Eagle
The 1933 Saint-Gaudens Double Eagle was designed by renowned sculptor Augustus Saint-Gaudens. It features a depiction of Lady Liberty striding forward, holding a torch and olive branch, with the U.S. Capitol building faintly visible in the background.
On the reverse side, the coin showcases a majestic eagle in flight, with radiant sun rays filling the field.
Historical Significance
In 1933, during the height of the Great Depression, President Franklin D. Roosevelt signed an executive order prohibiting the private ownership of gold coins, bullion, and certificates.
As a result, most of the 445,500 Double Eagles minted in 1933 were melted down before they could circulate. Only a few escaped destruction, adding to their legendary status.
Rarity and Value
The rarity of the 1933 Double Eagle is unmatched, with only a handful known to exist today. In 2002, a single example of this coin sold at auction for $7.6 million, setting a world record at the time.
Its scarcity, combined with its historical narrative, makes it one of the most valuable coins ever minted in the United States.
Legal Controversies
The 1933 Double Eagle’s journey includes decades of legal disputes. Although the coins were never officially released for circulation, a few specimens managed to leave the U.S. Mint under mysterious circumstances.
The U.S. government considers the coins stolen property, except for the few that were legally obtained through court rulings.
Cultural and Collectible Appeal
This coin has captivated collectors and historians alike. Its appearance in major auctions, museums, and even pop culture underscores its allure.
As the centerpiece of countless exhibits, the 1933 Double Eagle symbolizes a unique intersection of art, history, and economics.
| Attribute | Year Minted | Original Mintage | Known Examples |
|---|---|---|---|
| Designer | 1907 | 445,500 | 13 |
| Composition | Gold (90%) | ||
| Weight | 33.436 grams | ||
| Diameter | 34 mm | ||
| Historical Context | Great Depression | ||
| Auction Record | 2002 | $7.6 million | |
| Current Legal Status | Contested |
While many coins hold historical value, the 1933 Saint-Gaudens Double Eagle transcends its monetary origins, becoming a symbol of America’s economic and cultural history.
Its combination of artistry, rarity, and legal intrigue ensures its continued prominence in the numismatic world.
Why is the 1933 Saint-Gaudens Double Eagle so rare?
The coin was never released for circulation due to President Roosevelt’s ban on gold ownership in 1933. Most coins were melted down, leaving only a few surviving examples.
How many 1933 Saint-Gaudens Double Eagles exist today?
There are 13 known examples of the coin, with one in the National Numismatic Collection at the Smithsonian Institution and others in private collections.
What makes this coin so valuable?
Its value stems from its rarity, historical significance, and the legal controversies surrounding its ownership. These factors have driven auction prices into the millions.
